Top 11 Accounts Receivable Tools in 2025

Many business leaders know the frustration of strong sales on paper but weak cash in the bank. In fact, 60% CFOs state late payments as their #1 challenge. Finance teams spend hours chasing payments, sending reminders, and updating spreadsheets, only to find visibility into receivables that are still unclear. This constant juggling not only drains productivity but also creates real risks for planning and growth. That’s why companies are adopting accounts receivable tools to keep cash flow steady.

Accounts receivable management tools give companies the structure they need, replacing scattered efforts with streamlined workflows and clear visibility into every outstanding invoice. In this blog, we have curated a list of the top 11 accounts receivable automation platforms that are helping businesses move away from manual methods and toward modern, efficient receivables management.

Top Accounts Receivable Automation Platforms at Glance

Here’s a quick look at the top accounts receivable platforms in 2025. Find the right AR software to streamline collections and improve cash flow for your business.

Platform	Best Suited For
HighRadius	Large enterprises and mid-sized companies seeking advanced AI-driven AR automation for credit, collections, cash app, invoicing and disputes with seamless ERP integration.
Billtrust	Mid to large enterprises for AR  automation.
Versapay	Teams focusing on collaborative AR and customer interactions.
Bill	Small to mid-market businesses wanting easy invoicing.
Quadient AR	B2B finance teams needing automated collections.
Esker	Companies looking for e-invoicing and cash application.
Gaviti	Businesses wanting modular AR features and predictive insights
Invoiced	Freelancers or companies managing recurring billing.
Upflow	Fast-growing B2B teams streamlining collections.
Tesorio	Mid-market and enterprise firms needing cash flow insights.
Younium	SaaS & subscription businesses managing billing and dunning.

What is an Accounts Receivable Automation Platform?

Accounts receivable tool is a system that automates and streamlines the financial operations of the accounts receivable process. It reduces the manual effort involved in tasks such as generating and sending invoices, tracking payments, and following up on late payments. This helps businesses collect payments faster, reduce errors, and improve cash flow visibility.

Why do businesses need an accounts receivable platform?

An accounts receivable automation tool helps finance teams stay ahead by creating a structured, efficient process for billing, collections, and cash application. Here are key reasons businesses need AR automation:

• Improved Accuracy - Automation minimizes data entry errors and ensures the financial records stay clean, consistent, and reliable
• Enhanced Productivity - AR automation solutions would take over repetitive tasks like cash application, claims aggregation, and credit scoring, freeing the team to focus on strategic, high-value work.
• Faster Collections - AR automation tool speeds up payments through timely reminders, smart account prioritization, and convenient digital payment options, reducing delays, accelerating cash flow, and helping finance teams lower DSO for the business.
• Reduced Costs - Implementing end-to-end accounts receivable automation solution can result in substantial cost savings by streamlining invoicing and reducing manual effort.
• Better Customer Satisfaction - Accounts receivable automation platform offers self-service portals, online payments, and AP integrations, giving customers convenience, control, and faster, hassle-free payment experiences.

11 Best Accounts Receivable Management Platforms

1. HighRadius

HighRadius is a cloud-based accounts receivable automation platform designed to streamline the entire accounts receivable process.  It provides end-to-end automation from credit, invoicing, cash applications, collections, and deduction management. With agentic AI capabilities, the platform predicts late payments, prioritizes collection activities, and provides real-time visibility into key business metrics like DSO, past dues, etc, driving lower bad debt, higher productivity, and an improved net recovery rate. It integrates with major ERPs, supports global compliance, and offers customer self-service portals to simplify payments.

Key Features:

1. AI-Driven Credit & Risk Scoring: Highradius integrates with 35+ credit agencies to evaluate customer creditworthiness, predict blocked orders, and proactively mitigate financial risk.
2. Automated Invoicing & Buyer Collaboration: Enables auto-upload to AP portals, self-service buyer portals, and seamless query handling for faster invoice processing and payments.
3. Cash Application Automation: HighRadius automatically extracts invoice and remittance details from emails, attachments, and check images using AI and OCR, providing three-way matching, payment remittance linking, and payment-to-invoice linking, thereby reducing manual data entry and improving accuracy.
4. Dunning & Predictive Worklists: The tool generates prioritized worklists and automated reminders, ensuring faster recovery of outstanding payments.
5. Deduction & Dispute Management: HighRadius uses AI and rules-based agents to validate deductions, auto-link claims, and suggest resolution strategies, helping teams resolve disputes faster and reduce revenue leakage.

2. Billtrust

Billtrust is a unified accounts receivable automation platform for invoicing, payments, cash application, and collection, serving mid-sized to large enterprises. Billtrust’s strengths include robust digital billing features and superior payment processing capabilities, particularly for batch processing and payment scheduling.

Key Features

1. AI-Powered Cash Application: The platform automatically matches payments to invoices, reducing errors and manual reconciliation.
2. Smart Collections: It automates dunning workflows and follow-ups to improve collection efficiency.
3. Payment Behavior Analytics: Billtrust provides predictive insights into customer payment trends for better cash flow planning.
4. Multi-Channel Billing: Customers gain flexibility with diverse invoicing and payment delivery options.
5. Digital Invoicing:  The platform offers strong invoicing and delivery capabilities, improving accuracy and efficiency in billing processes.

3. Versapay

Versapay differentiates itself with a "Collaborative AR" approach that focuses on connecting AR teams with their customers in a cloud-based portal. The platform’s core strength is in its ability to facilitate real-time communication, share documents, and resolve disputes, transforming the collections process from a back-office function into a collaborative one.

Key Features

1. Invoice-to-Cash Automation: Versapay automates the full receivables cycle, reducing manual work for finance teams.
2. Customer Self-Service Portal: The platform provides a collaborative portal where customers can view invoices, track payments, and resolve disputes.
3. AI-Based Cash Application: It automatically applies payments to invoices, minimizing posting errors.
4. Built-In Payment Facilitation: Versapay simplifies payment processing and speeds up collections.
5. Secure Cloud-Based: Fully cloud-based platform offering secure access and centralized accounts receivable management for distributed teams.

4. Bill 

Bill excels in streamlined AR automation with intuitive workflows designed for small to mid-market businesses. It offers strong automated workflows for invoice entry, approval, and payment scheduling, with seamless integrations with major accounting software like QuickBooks and NetSuite.

Key Features

1. Professional Invoicing & Templates: Bill offers polished invoice templates with automatic numbering and customizable fields, ensuring brand consistency and reducing setup time.
2. Rapid Payment Options: Bill enables payments via ACH or credit card, supports auto-charge / auto-pay, to help get money into bank accounts faster. 
3. Accounting Sync & Reconciliation: Data like invoices, customers, payments etc. syncs two-ways with accounting software so reconciliation is easier and entries stay accurate. 
4. Bank Integrations: Strong integrations with major banks allow seamless payment processing and better cash flow management.
5. User-Friendly Cloud Platform: Provides an intuitive cloud-based interface that makes AR and AP processes easy to manage.

5. Quadient AR

The platform is designed to make the O2C process more efficient for B2B finance teams across a wide range of industries. It offers a comprehensive suite of features, including collections management, credit assessment, and AI-powered analytics. 

Key Features

1. Credit Risk Monitoring: It offers real-time visibility into customer creditworthiness and payment reliability.
2. Automated Collections Workflows: The platform prioritizes accounts and standardizes follow-ups to reduce overdue balances.
3. Multi-Channel Invoice Delivery: Quadient supports digital invoice distribution for faster, more reliable payments.
4. Analytics Dashboards: It provides real-time reporting and KPIs to help finance teams track AR performance.
5. Integrated Payment Portal: Allows seamless payment processing directly within the platform, simplifying transactions.

6. Esker

Esker is a sophisticated AR automation solution that combines a comprehensive suite of tools with advanced AI capabilities. The platform's core functionality is built around four specific AI engines that serve different purposes: predictive analytics, prescriptive analytics, data extraction, and content analysis.

Key Features

1. E-Invoicing & Delivery: Strong electronic invoicing capabilities with automated delivery, reducing manual errors and improving efficiency.
2. Global Invoice Delivery Compliance: Esker automates invoice distribution across 60+ countries while meeting regulatory standards.
3. AI-Powered Cash Application: The platform matches payments with invoices automatically and resolves exceptions efficiently.
4. Dispute & Deduction Management: Esker tracks and resolves disputes with structured workflows to protect revenue.
5. ERP & CRM Integrations: Esker integrates with business systems to improve collaboration across departments.

7. Gaviti

Gaviti’s core value proposition is its unparalleled flexibility and a platform "built around you, not the other way around". Gaviti’s modular product structure allows companies to select only the features they need, such as credit management, dunning, dispute management, cash application, or a payment portal. This modularity makes it a suitable fit for both medium-sized companies and large enterprises.

Key Features

1. Flexible Collections: Modular design allows companies to select only the AR features they need, improving efficiency.
2. Predictive Analytics: Provides insights into customer payment behavior to help prioritize collection actions and reduce DSO.
3. AI-Powered Cash Application: The platform automatically matches most payments with invoices before the workday begins.
4. Credit Risk Monitoring: It continuously assesses customer credit health to highlight potential risks.
5. Customer Portal: Clients can easily view and pay invoices through a dedicated self-service portal.
   
6. Invoiced

Invoiced is a platform that serves a wide range of customers, from freelancers to enterprises, with a focus on streamlining invoicing, payments, and collections. It has been consistently praised for its ease of use, intuitive interface, and high-quality customer support. The platform excels in digital billing and credit management, and some comparative reviews highlight its superior ease of use and setup.

Key Features

1. Recurring Billing Support: Strong functionality for subscription or recurring billing, improving efficiency for recurring revenue companies.
2. Customer Self-Service: Portals allow customers to access invoices and make payments, reducing administrative workload.
3. Multi-Channel Reminders: Automated reminders across multiple channels help reduce overdue accounts.
4. Integrated Payments & Reconciliation: Invoiced streamlines payment processing and aligns invoices with cash flow.
5. User-Friendly: Easy-to-deploy and navigate platform, allowing businesses to start AR and billing processes quickly.

9. Upflow

Upflow is a collections-focused AR automation platform designed to simplify the cash collection process for fast-growing B2B companies. Its strategic approach is built on a foundation of simplicity, transparency, and a clear focus on core collections functionality. The platform's main features include automated collection workflows, customizable dunning strategies, a self-service customer portal, and dashboards that provide real-time KPIs like DSO.

Key Features

1. Customer Payment Portals: Provides self-service portals to improve payment collection and customer experience.
2. Accounting Integrations:  Integrates with major accounting systems like QuickBooks, Xero, and NetSuite for seamless operations.
3. Real-Time Dashboard:  Dashboards give immediate visibility into KPIs like DSO, helping teams monitor collections effectively.
4. Automated Payment Reminders: The platform schedules and sends reminders to reduce late payments.
5. Personalized Customer Outreach: Upflow enables tailored communication to strengthen customer relationships.

10. Tesorio

Tesorio's core value proposition is to transform AR operations from administrative tasks into strategic growth drivers by providing highly accurate cash flow predictions. The platform's functionality is built on four pillars: intelligent workflow automation, predictive analytics, connected systems, and performance analytics. The tool supports multi-entity operations and is designed to scale with enterprise-level organizations.

Key Features

1. Flexible Cloud Platform: Cloud-native design allows scalability and adaptability for mid-market finance teams.
2. Cash Flow Forecasting: Tesorio uses predictive insights to estimate receivables and optimize liquidity planning.
3. Automated Collections: The platform automates reminders and prioritizes follow-ups to speed up recovery.
4. Receivables Analytics: It provides deep insights into AR performance and payment behavior.
5. Finance System Integrations: Tesorio connects with treasury and ERP tools to align AR with broader financial strategies.

11. Younium

Younium is a specialized AR automation and financial management platform designed to address the unique complexities of subscription and SaaS businesses. It is not a general-purpose AR tool but a niche solution that serves as a "single source of truth" for the entire quote-to-cash process. The platform’s key features are built to handle the intricacies of recurring revenue models, including flexible pricing (flat, tiered, usage-based), complex billing schedules, and automated dunning for subscription renewals.

Key Features

1. Customizable reminder flows: Tailors communications to customer preferences and regional compliance requirements.
2. Centralized data access: Unified dashboard consolidates critical SaaS metrics, reducing the need to switch between platforms.
3. AI-powered insights: Younium AI provides actionable answers anytime for faster, informed decision-making.
4. Automated Billing & Invoicing: Younium handles invoicing, credit memos, and billing with minimal manual effort.
5. Real-Time Reporting: Younium provides accurate, real-time financial reporting to aid decision-making.
   

How To Select the Right Accounts Receivable Software?

With so many options available, choosing the right accounts receivable software for business can feel overwhelming. The key is to match the tool to your business size, industry, and long-term financial goals. Here are quick considerations for you to keep in mind:

End-to-End AR Automation

Managing cash efficiently depends on having the right processes in place. The ideal accounts receivable software for businesses handles everything from invoicing and collections to cash application and deductions. By unifying these functions, it reduces process gaps and ensures consistency across the entire order-to-cash cycle.

Predictive Cash Flow Insights

Cash flow can be unpredictable, but software with predictive capabilities can help. By analyzing historical payment patterns and current receivables, the system highlights accounts that may pay late and prioritizes them for collections. 

Integration with ERP and Financial Systems

Accounts receivable doesn’t operate in isolation. The software should connect seamlessly with ERP platforms like SAP, Oracle, or Microsoft Dynamics. Real-time integration ensures that all financial data is accurate and up to date, and it removes the need for repeated manual data entry that can cause errors.

Customizable Credit and Risk Management

Every business faces different credit risks. The right accounts receivable automation platform lets finance teams set rules for credit approvals and order limits based on risk profiles. These rules can be adjusted as circumstances change, helping protect cash flow without slowing down operations.

Automated Multi-Channel Communication

Keeping in touch with customers is critical, but it can also be time-consuming. AR platforms that automate communications—via email, portal notifications, and reminders- ensure follow-ups are consistent, timely, and effective. This keeps collections on track while reducing the manual workload.

Auditability and Compliance

Maintaining a clear record of all AR activities is essential for both internal controls and regulatory requirements. The accounts receivable automation platform should provide detailed logs of actions, approvals, and updates. For full visibility, choose an accounts receivable software for business that logs all invoice and payment actions, making audits simple and ensuring compliance.

Performance Dashboards

Understanding accounts receivable performance at a glance saves time. Dashboards should display metrics like days sales outstanding (DSO), overdue invoices, and collection efficiency. Clear visualizations help finance teams spot trends, identify bottlenecks, and respond quickly to potential issues. 

Scalability

As businesses grow, accounts receivable management software must keep pace. It should be able to handle higher transaction volumes, multiple subsidiaries, and international operations without performance issues. Cloud-based platforms are especially effective for this, as they can scale resources dynamically.

Security Features

Financial data is highly sensitive. Leading accounts receivable automation platforms include role-based access, data encryption in transit and at rest, multi-factor authentication, and adherence to compliance standards such as GDPR and SOX. These measures safeguard data while giving teams confidence in the system.

Strategic Insights for Leadership

Account receivable software shouldn’t just manage day-to-day operations. It should also provide insights that help CFOs and finance leaders make strategic decisions. Whether it’s cash flow planning, risk assessment, or prioritizing collections, actionable data ensures that AR processes align with broader business goals.

Bottom Line

Managing accounts receivable does not have to feel like a constant chase. The right AR automation software can make a real difference by reducing manual work, speeding up payments, and giving your finance team clearer visibility into cash flow. The key is to find a solution that fits your business, integrates smoothly with your existing tools, and is easy for your team to use. 

With the right platform, you can stop worrying about overdue invoices and focus on growing your business, building better customer relationships, and making smarter financial decisions.

Highradius accounts receivable platform brings AI-driven intelligence and specialized tools to help businesses streamline their AR processes. It helps simplify collections, improve cash flow, and transform accounts receivable from a routine task into a strategic advantage for your business.

** This listicle reviews 11 AR software solutions; the 1–11 sequence is for reference only and does not indicate ranking or quality.

FAQs

1. What are the key benefits of using accounts receivable automation software?

Accounts receivable automation software can significantly reduce manual work, accelerate cash flow, and improve overall efficiency. Key benefits include faster invoice processing, reduced Days Sales Outstanding (DSO), improved accuracy in cash application, and better visibility into receivables performance.

2. How does AI enhance accounts receivable automation? 

AI enhances accounts receivable automation by providing intelligent prioritization of collection efforts, predictive analytics for payment behavior, and automated cash application. It can also assist in dispute resolution and offer insights for optimizing credit decisions and collection strategies.

3. What factors should be considered when choosing an accounts receivable software for businesses? 

When selecting an accounts receivable automation platform, consider factors such as integration capabilities with existing systems, scalability, ease of use, implementation time, customization options, and return on investment. It's also important to evaluate the specific features that align with your business needs and processes.

4. How can accounts receivable automation improve customer relationships?

Accounts receivable automation can improve customer relationships by providing self-service portals, offering flexible payment options, and enabling more personalized communication. It also reduces errors and disputes, leading to smoother transactions and increased customer satisfaction.

5. What makes HighRadius a leading accounts receivable automation platform?

HighRadius leverages AI and machine learning to automate invoice processing, cash application, and collections. It helps businesses reduce DSO (Days Sales Outstanding), improve cash flow visibility, and minimize manual effort. With seamless ERP integrations and predictive analytics, HighRadius enables finance teams to make smarter, data-driven decisions.

6. Can HighRadius integrate with your existing ERP system?

Yes, HighRadius seamlessly integrates with major ERP platforms like SAP, Oracle, and NetSuite. This ensures real-time data synchronization, reduces manual data entry, and keeps accounts receivable processes aligned with your existing financial workflows.

7. How does accounts receivable software for business enhance customer relationships?

By automating invoicing and payment reminders, accounts receivable software for business ensures timely and accurate billing. This reduces disputes, strengthens trust, and allows finance teams to respond quickly to customer queries, improving overall satisfaction.

8. How does accounts receivable software for business help with reporting and compliance?

The accounts receivable software provides detailed dashboards and reports for real-time visibility into outstanding invoices and cash flow, while maintaining audit trails and regulatory compliance, making financial reporting easier and more accurate.